Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock
Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock
Blockchain
Business /  Companies

Bubble or smart bet? Blockchain-stock frenzy in China spotlights hype and hope for investors in new technology

  • Profitable application of promising technology is years away, analysts say
  • Xi Jinping’s call for rapid blockchain development creates quick boom and bust for linked stocks

Yujing Liu
Yujing Liu

Updated: 7:59am, 4 Nov, 2019

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Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock
Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock
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